Traditional Culture Encyclopedia - Hotel accommodation - The Garning Case of Bank of America Building and the Golden Gate Building

The Garning Case of Bank of America Building and the Golden Gate Building

1980 65438+ 10 In October, Chen Songqing, the chairman of Jianing, bought the Golden Gate Building for 998 million Hong Kong dollars. A few months later, it was resold to another consortium at nearly double the price of16.8 million Hong Kong dollars. At that time, there was no loan from the bank. Jianing claimed that the acquisition funds were paid by the consortium behind Jianing, and the transaction was actually intended to show the strength of Jianing Group to the outside world.

1982, Hong Kong real estate plummeted due to future problems. 1982 10, Jianing Creditor Bank filed a liquidation request with the court. 1983 10 Jianing Group was liquidated. 1983 In September, the Hong Kong police began to investigate the transaction of 1980 Jianing Golden Gate Building, in which Chen Songqing and others were prosecuted for alleged fraud. After complicated judicial procedures, the Supreme Court tried 1987 cases.